The market is dominated by domestic suppliers, as imports account for 22.8% of total market size in 2024. B2B drives market demand, with B2B spending representing 64.0% of total demand in 2024. Canada has the seventh largest market size for refined petroleum products across the top 20 developed countries, with demand reaching USD110 billion in 2024. Imperial Oil Ltd is the largest company in Canada, generating 22.7% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 69.1% of total production value in 2024. The total number of companies decreases in 2024, to 185 units. The costs of the industry decrease by 7.2% in 2024, largely driven by declining B2B costs. The industry’s profitability increases and stands at 14.5% of production value in 2024, the third highest across the top 20 developed countries. The industry’s exports share increases in 2024 to 23.4% of total production output. With production value of USD65.8 billion, Canada accounts for 8.0% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Canada: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Canada: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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